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The initial recognition of $2 million dr bank $2m and cr deferred income $2m is it for the whole whole accounting year end or we do have to split it at the end of the year?
The of split of the $1.8 m is it for the subsequent period or ?
Because i feel that deferred income liability account balance for the end of the year should be (2000000 – 200 ) = $1.8 million while the release of the $200 will represent the CL reducing the $2 million deferred income grant.
Dr deferred income $200 SPF
Cr grant income $200 SPL.Subsequent treatment that is for the next period we can then split that deferred income like you rightly did $1.6 NCL and $200 CL.
And how am I meant to know that without you specifically stating which example it is?
The deferred income balance needs to be split at the reporting date into current and non-current.
Thanks
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